117
Currency Analyst since 2010

US holds ground after better data

US dollar is firm after better-than-expected US weekly jobless numbers made investor once again expect an earlier Fed’s rate hike. USD/CHF rose above 0.9500 for the first time since the Swiss National Bank dropped franc’s peg to the euro. USD/JPY is little changed in the 118.90 area.

EUR/USD is consolidating in the 1.1360/70 area. Traders await news about Greece’s negotiations with its creditors. Focus is on the euro zone finance ministers’ meeting later today. A Greek government spokesman pointed out that Greece is not going to discuss the continuing of the bailout program. Failure to reach an agreement will be negative for the euro.

AUD/USD is holding above 0.7800 as S&P signaled that Australia’s AAA credit rating is in no immediate danger.

 

Scroll to top